📢 Can You List on the GSE Without Losing Your Mission?
A StarOil founder recently said:
"We want to go public, but we don't want our affordable pricing model hijacked by short-term profit-seeking investors."
It's a valid concern—but the law already provides solutions.
On the GSE, shareholders elect directors and vote on major matters. They don't set prices or run day-to-day operations. Strong governance—not avoiding the market—is what protects a company's vision.
The Companies Act, 2019 (Act 992), Section 49 allows companies to create different classes of shares with different voting rights. Founders can retain enhanced voting control while the public owns economic interests.
Global example: Meta uses a dual-class share structure that gives Mark Zuckerberg majority voting control despite owning a minority of the equity. Structures like this are designed to protect long-term strategy.
Companies can also adopt staggered boards, making it harder for any single investor group to gain board control in one election cycle.
Closer to home, Kasapreko's 146% oversubscribed IPO shows founders can raise public capital while maintaining control through appropriate ownership structures.
The question isn't "Should we go public?"
It's "Are we structuring the IPO to protect the mission?"
The GSE has the framework. Act 992 has the tools. What many businesses need is the right legal and governance advice before listing.
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